When examining this asset, there is evidence of an M-pattern formation occurring across weekly, 4-hour, and 1-hour time frames. Although the right arm of the M-pattern has not yet begun on the weekly timeframe, it is about to commence on the 4-hour timeframe. There is also a clear formation of the right arm of the M-pattern taking place on the 1-hour...
WTI Oil is trading inside a Channel Down since late July, completing 6 months of a structured downtrend. Every technical decline has been following a similar pattern, dropping -22% and -25% respectively. Right now the price is on the last counter trend rise before the final decline starts. Trading Plan: 1. Sell on the spot as every MA100 1D rejection has been...
The talk of the street, since the war broke out between Russia and Ukraine, has been how aggressively commodities have been rising. Of course this rise hasn't started this month or the previous but is the outcome of inflation running high on historic levels since the March 2020 COVID crash, when global central banks (more importantly the Fed and the ECB) engaged...
After falling from $ 107 to $ 26, the price stopped at $ 76 in a bullish wave. After falling price below $ 12, it was able to cross the $ 76 area in the next uptrend. We are currently waiting for the price correction. The ranges $ 46-43 or $ 36-33 could push the price towards the $ 103-108 .
Risk 1% and aiming for 10% on this trade. No indicators used. Pure price action. Like to keep my chart clean. Simply trading structure, nothing else!! All trades closed on the same day. Entries are taken on 1 min chart. Stop loss is moved to cost after structure break. Don't chase the trades, wait for the next opportunity. Also, please view price action on 1 min...
The reversal of crude oil happened after breaking the weekly channel couple of weeks ago as anticipated in my previous post (See link), a nice short trade was initiated. Was really one good trade. Oil was ever good to us, providing another setup to go short again. Wait for a rejection around the upper line of the symmetrical triangle. trade safe & Good luck!
Pattern: Bullish formation based on Fibonacci retracements and extensions. Every Higher Low is on a +0.118 Fibonacci retracement interval. Every Higher High on a -0.118 Fibonacci extension interval. Signal: Buy near the 0.618 Fib retracement which is also the 4H MA50. Target: 48.00 (just below the -0.382 Fibonacci extension). Previous WTI OIL trade: ...
check out the chart we have dominat on market no doubt contact us for more info and learning forex from us